Chansky confirmed the news to Eyewitness News over the phone, but had no further comment.
The firing comes after an email surfaced in a recent release of documents requested by ABC 11. The email is written to UNC Chancellor Holden Thorp, outlining a contingency plan he thought UNC should follow if the school decided to replace head coach Butch Davis.
In the email, Chansky wrote: "this must be an extremely difficult situation to deal with as the moving parts change almost daily. What to say for the good the university in the short run and long run are tough words to craft."
Chansky added: "If, at the end of this ordeal, we need to find a new football coach, that does not necessarily mean a huge step backward for the program, both on the field and financially. Not if we are traveling a parallel path to plan for such a contingency."
Chansky also revealed the names of several individuals, including Big 10 Commissioner Jim Delany, who could possibly help in a coaching search.
Chansky wrote: "like many alumni, I am sick over how this scandal has tainted the 50-year reputation of a school that has done it the right way ... most of the time, that stain cannot be erased without a complete change of command."
Also in the email, Chansky admitted a coaching change "would divide our alumni and fans because Butch is so popular in some circles.
Gary Sobba, the head of Tar Heel Sports Properties insists Chansky resigned and said Chansky has been "a tremendous resource" and wished him the best.
Along with his position at Tar Heel Sports Properties, Chansky was also the author of several books about UNC sports and the Carolina-Duke Rivalry.
Chansky was also the man behind the Carlyle Cup, which until the company went out of business was an all-sport competition between UNC and Duke.